Those Who Invested in MSC Industrial Direct (NYSE:MSM) Five Years Ago Are up 60%
Those Who Invested in MSC Industrial Direct (NYSE:MSM) Five Years Ago Are up 60%
When you buy and hold a stock for the long term, you definitely want it to provide a positive return. Better yet, you'd like to see the share price move up more than the market average. But MSC Industrial Direct Co., Inc. (NYSE:MSM) has fallen short of that second goal, with a share price rise of 18% over five years, which is below the market return. The last year has been disappointing, with the stock price down 13% in that time.
當您買入並持有股票長期投資時,肯定希望它能獲得正收益。更好的是,您希望看到股價上漲超過市場平均水平。但是,MSC Industrial Direct Co., Inc.(紐交所:MSM)並沒有達到第二個目標,五年內股價上漲了18%,低於市場回報。過去一年令人失望,股價下跌了13%。
With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.
鑑於此,值得看看該公司的基本面是否一直是長期業績的驅動因素,或者是否存在一些不一致之處。
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).
市場有時無疑是高效的,但價格並不總是反映基礎業務表現。 一種檢查市場情緒如何隨時間改變的方法是查看公司的股價與每股收益(EPS)之間的互動。
MSC Industrial Direct's earnings per share are down 2.4% per year, despite strong share price performance over five years.
儘管在過去五年股價表現強勁,但MSC Industrial Direct的每股收益每年下降2.4%。
Since EPS is down a bit, and the share price is up, it's probably that the market previously had some concerns about the company, but the reality has been better than feared. Having said that, if the EPS falls continue we'd be surprised to see a sustained increase in share price.
由於每股收益有所下降,而股價卻上漲了,可能是市場先前對該公司的一些擔憂,但現實情況比預期要好的屬性。話雖如此,如果每股收益繼續下降,我們想看到股價持續增長可能會感到驚訝。
You can see how EPS has changed over time in the image below (click on the chart to see the exact values).
您可以在下面的圖片中查看每股收益如何隨時間變化(單擊圖表以查看確切的價值)。
Dive deeper into MSC Industrial Direct's key metrics by checking this interactive graph of MSC Industrial Direct's earnings, revenue and cash flow.
通過查看MSC工業直接的收入、營業收入和現金流的交互式圖表,深入了解MSC工業直接的關鍵指標。
What About Dividends?
關於分紅派息的問題
It is important to consider the total shareholder return, as well as the share price return, for any given stock. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of MSC Industrial Direct, it has a TSR of 60% for the last 5 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!
對於任何給定的股票,考慮總股東回報以及股價回報非常重要。股價回報僅反映了股價的變化,而TSR包括分紅的價值(假設它們已被再投資)以及任何折現資本籌集或拆分的好處。可以說TSR爲支付股息的股票提供了更完整的畫面。就MSC工業直接而言,過去5年TSR爲60%。這超過了我們之前提到的股價回報。這在很大程度上是其股息支付的結果!
A Different Perspective
另一種看法
MSC Industrial Direct shareholders are down 9.2% for the year (even including dividends), but the market itself is up 34%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. On the bright side, long term shareholders have made money, with a gain of 10% per year over half a decade. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. It's always interesting to track share price performance over the longer term. But to understand MSC Industrial Direct better, we need to consider many other factors. Consider for instance, the ever-present spectre of investment risk. We've identified 1 warning sign with MSC Industrial Direct , and understanding them should be part of your investment process.
MSC工業直銷股東今年下降了9.2%(甚至包括分紅派息),但市場本身上漲了34%。即使是好股票的股價有時也會下跌,但在對業務的基本指標看到改善之前,我們不會太感興趣。從積極的一面看,長期股東已經賺了錢,在過去五年中每年有10%的增長。如果基本數據繼續表明長期可持續增長,當前的拋售可能是值得考慮的機會。跟蹤股價在較長時間內的表現總是很有趣。但要更好地了解MSC工業直銷,我們需要考慮許多其他因素。例如,考慮投資風險的一直存在的威脅。我們已經確定了關於MSC工業直銷的一個警告信號,了解它們應該是您投資過程的一部分。
We will like MSC Industrial Direct better if we see some big insider buys. While we wait, check out this free list of undervalued stocks (mostly small caps) with considerable, recent, insider buying.
如果我們看到一些大額內部買單,我們將更喜歡MSC工業直銷。在等待時,請查看這份免費的被低估股票名單(主要是小市值股票),其中包含相當多的最近內部買單。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.
請注意,本文所引述的市場回報反映了目前在美國交易所上市的股票的市場加權平均回報。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對這篇文章有反饋嗎?對內容感到擔憂嗎?請直接與我們聯繫。或者,發送電子郵件至editorial-team @ simplywallst.com。
Simply Wall St的這篇文章是一般性質的。我們僅基於歷史數據和分析師預測提供評論,使用公正的方法,我們的文章並非意在提供財務建議。這並不構成買入或賣出任何股票的建議,並且不考慮您的目標或財務狀況。我們旨在爲您帶來基於基礎數據驅動的長期聚焦分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St對提及的任何股票都沒有持倉。